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WUSA (CBS) 27
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Search Results 0 to 26 of about 27 (some duplicates have been removed)
CBS
Feb 20, 2013 7:00am EST
that massive layoffs could cripple their economies. >> we don't need to wait to see the white in the eyes before we start responding because of the potential that we see. this challenge is real and real right now. >> reporter: well, with the deadline still nine days away, there's still a lot of posturing, and there's no sign that anyone's trying to make a deal. administration tells us that there are no secret talks or negotiations under way. the reason for that, of course, the obama administration thinks it's winning this debate and republican pressure will force republicans to give in. charlie, gayle? >> thanks. >>> cbs political correspondent john dickerson. good morning, john. >> good morning, charlie. >> put this for us in terms of what we're talking about and what we're not talking about. >> it's a good point. step back here. what we're not talking about in this sequester is the actual long-term drivers of this deficit problem so as people look at the fight, which is the 900th chap tur in the con stangt fights of the budget, what's happening is the debate about dumb cuts to a portion
CBS
Feb 18, 2013 5:00pm EST
a devastating impact on our local economy, not to mention all the individuals and their families out of a job for a time. those concerns have a lot of you pretty upset. our jessica doyle is taking your concerns to congress with a question some local lawmakers didn't seem to want to hear. >> reporter: march 1st could be a very bad day for the region's workforce. without a deal on capitol hill sequestration will force deep federal spending cuts, hundreds of thousands of federal workers and private employees could be furloughed. the threat that one wusa9 viewer -- got one wusa9 viewer so mad she made this proposal. congress should step up to the plate and take one furlough day each week until they actually make some decent decisions about how to make the economy better, so we decided to take her proposal to capitol hill and ask our four local senators would they be willing to accept furloughs if federal workers are forced to. all of the democratic lawmakers have spoken out against sequestration and have expressed their opposition to furloughs for any workers, but none of them answered our speci
CBS
Feb 17, 2013 10:30am EST
expect for the economy to grow from the middle out. so our hope is that this does not happen, that we choose-- rather than make this an ideological fight as it appears to be right now among some on the republican caucus, we just do a balanced approach to fix this problem. >> schieffer: i agree with all that b, but when you have the speaker of the house saying i can't work with the president any more. every time i work with him i get bermuda. when he says he won't take on the liberals in his own party on reforming the social programs, and then you see the president, he's not talking to anybody. he's out making speeches around the country. >> oh, i think that the president is-- he laid out in very complete detail-- >> schieffer: but what is he doing? what are the two sides doing to keep this from happening? >> you saw what he did on tuesday night during the state of the union when he laid out in detail on what he is prepared to do as it relates to fixing this problem. over the last several months we got agreement on $2.5 trillion in deficit reduction over the next 10 years. we're ready
CBS
Feb 18, 2013 4:30am EST
market is one reason americans are feeling better about the economy. consumer sentiment improved in february, but on friday, stocks finished in the weak mix. the dow gapped eight points. it remains this morning below 14,000, starts tomorrow at 13981. the nasdaq was off by 6.5. >>> countries throughout europe are finding more traces of horse meat in the beef supply. millions of burgers and frozen meals have been recalled. tests have discovered horse meat in school meals and hospital food in the uk. it is believed some of the horse meat was mixed in with beef at a french processing plant and then shipped out. >>> and shoe makers around the vat acan -- vatican are getting ready for a boost in business. the catholic church is preparing for the upcoming conclave, which means religious leaders will be looking for new clothes. a tiny area filled with shops just outside the vatican walls, papal tail lowers -- tailors will be busy. three versions of the same robe will be made for a new pope. >> he doesn't shop at target? >> no. he loves his red shoes. >> that was a big deal. >> that is he
CBS
Feb 19, 2013 11:00pm EST
tax base, each day based on our estimates is possibly $500,000. >> and local economies get slammed. prince george's county executive baker. >> ten days of furlough equal $120 million in lost income for federal employees for the county. >> these cuts are not smart, they're not fair. they will will hurt our economy. they will add hundreds of thousands of americans to the unemployment roles. this is not an abstraction. people will lose their jobs. >> history this time may not repeat itself. in recent history when we have big budget showdowns with big deadlines and big consequences for failure, there has been a last-minute deal or a deal a few minutes after the last minute. this time, there is a growing sequestration that happened with consequences so dire, everybody will be blamings the other guy. derek. >> gary nurenberg. >>> tomorrow the white house is expected to announce tougher message for confronting cyber espionage. there is mounting evidence that a chinese military unit has been stealing all orts of u.s. government data as well as corporate trade secrets. >>> oh, baby. imagine
CBS
Feb 21, 2013 7:00am EST
are they saying and what are they saying about the economy? >> looking backward they're saying walmart had a very good christmas. they earned more than expected. they came in light on sales. however, going forward, that's really a question. walmart is considered a bellwether for our economy and what they told us this morning is that the payroll tax cut is impacting consumers. the hike that we saw at the beginning of the year, the 2% hike which takes about $20 out of people's weekly paycheck is hitting the consumer and gasoline prices are up 50 cents in the last month and there's a tell prey knock on the consumer right now because refunds have been delayed. the tax code had to be overhauled as a result of the many of the reforms of last year and they're saying their consumer has been hit by delays in the refund checks, about $20 billion in refund checks didn't go out on time. >> all right. new information. re rebec rebecca, thank you. >>> the obama administration plans fines, penalties, and trade sanctions against any government that sponsors hacking. bob orr is in washington. bob, good morning. >
CBS
Feb 17, 2013 1:00pm EST
firing on six cylinders. the new ram 1500 with best-in-class fuel economy. guts. glory. ram. motor trend's 2013 truck of the year. ♪ digiorno? or delivery? taste for yourself why the shortest distance between you and a delicious, fresh-baked pizza, is your oven. thankfully, it's not delivery. it's digiorno. humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. which is why at liberty mutual insurance, auto policies come with new car replacement and accident forgiveness if you qualify. see what else comes standard at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? >> 75 years of ncaa march madness presented by dove for men. ucla entered the 1974 ncaa tournament as the defending national champions but had their streak end in the semifinals against n.c. state. david thompson had 28 points to rally the wolfpack from an 11-point deficit to win in double overtime. n.c. state went on to win the championship over marquette. go to ncaa.com/march madness and vote for the all time march madness players, teams and mom
CBS
Feb 20, 2013 4:00am EST
our deficits without harming our economy. but congress has to act. >> reporter: the white house wants a plan with smaller spending cuts and more tax revg news. republicans say the government is already too bloated and higher taxes should not be part of this equation. budget expert isabelle says the automatic cuts will hurt the economy,'ve though most government agencies should be able to weather them. >> most organizations can manage a cut of 5%, 7% in their budget without long-term harm. i don't mean it won't be painful. it will be. >> reporter: allen simpson and erskine bowles says people will start feeling the effects like locker lines at the airports. >> when this happens they're going come back and say we're sick of this intransjens, let's do something smart. >> reporter: they'll only have a few days when they return next week. >>> on the "cbs moneywatch" now, going on the offensive against cyber attacks, and apple gets bitten by a bug. erica ferrari is here with that and more in new york. good morning, erica? >> good morning, anne-marie. tokyo's nikkei gained 1%. hong kong's han
CBS
Feb 17, 2013 1:30pm EST
your beer. and only the ford f-150 with ecoboost has the best combination of torque and fuel economy. think about that. introducing the new 2013 f-150. a big treehouse or a small treehouse? if it's big enough, you can have a disco. oh yeah. [ male announcer ] it's not complicated. bigger is better. and at&t has the nation's largest 4g network. ♪ ♪ ♪ ♪ ♪ [ pitbull ] keep the party moving. dale! bud light together again with pitbull. here we go! >> tim: as you look at our game summary, you hear the polka, but they've rolled out everything else. the three-point field goal story, they get open looks and if they make them, bill, wisconsin is very difficult to beat. >> bill: they are, then you throw out roll out the bruiser, he gets his hans on loose balls, down and dirty, aggressive, he's emotional and gives them a lift. >> tim: a little give-and-go. 29 and 10. bruesewitz and berggren with a two-man game. >> bill: we should have grown our hair. maybe we would have played a little better. nice read. >> tim: a team like wisconsin gets a big lead, it's very difficult to come back.
CBS
Feb 18, 2013 7:00pm EST
independent economist says would hurt our economy, would hurt real people on the field. there's no excuse for it. >> and the wells fargo report says maryland, virginia and of course washington, d.c. are the most vulnerable to the looming and widespread federal budget cuts. so if no deal is met, about 167,000 federal workers could be affected in prince george's, montgomery and howard counties. tomorrow county executives of all three will be holding a joint press conference pleading for a deal and one of them is with me right now. montgomery county executive, thanks for coming by. how did the three of you get together on this and what's the take away for tomorrow? >> unfortunately when you have the sequestration hit in all these counties, it's easy to come together and explain the negative impacts to our communities. >> we've been hearing about this for weeks. what is it you're going to tell lawmakers they. thought about. >> they've thought about it, they simply haven't acted as yet. we try to increase the pressure and engage every day citizens in terms of what can happen in hope they can l
CBS
Feb 19, 2013 7:00pm EST
. to reduce our deficits without harming our economy. but congress has to act. >> the white house wants a plan with smaller spending cuts and more revenue and taxes. republicans say the government is already too bloated and higher taxes should not be a part of the equation. >> the county executives from prince georges want to make sure people in their communities understand what will happen if those budget cuts go into effect march 1. >> as you know, we have a large number of federal employees here, but the problems and the impact go beyond that to every day workers. you name it, we'll be hit. >> the press conference this morning with all three county executives. federal workers in maryland could see their salaries. less funding for education in the state as well as teacher layoffs. >>> a four-year-old girl injured in a fire in southeast d.c. over the weekend has died. that fire began sunday morning, 3:00 a.m., 33rd street. everybody inside the house got out, except for the four-year- old girl who had to be rescued and rushed off to the hospital. the owner of the home was arrested. p
CBS
Feb 21, 2013 7:00pm EST
economy. but congress has to act. >> i mean for goodness sake, it was his proposal. it was his idea as he signed it into law and now he is going to tell us that oh, it is all our fault. >> reporter: a new poll shows that 40% of the americans believe that the budget cuts take effect here and that they cannot strike a deal. but it is a safe best bet. that 40% does not include many federal workers that will be facing those furloughs. wusa9 started a petition asking if they should face that there if they end up furloughed. if you would like to weigh in, go to our website and look for the petition on the home page here. so far more than 800 people have signed on as they sent letters to their lawmakers about it. >>> well this is a story that has been captured headlines for many days now. hackers linked to china breaking into the cyber systems and virtually every institution in town. now, some security experts suggest that they might have gotten their hands on enough information to map out just how we exercise power in this town, even the outgoing defense secretary said that cyber terrorism is a
CBS
Feb 22, 2013 11:00pm EST
government, the american economy, and you. >> the obama administration continues its very public campaign to force republicans in congress to cut a deal to avoid it and stage the pr campaign on several fronts today. gary scrambles to keep up. he begins our team coverage tonight. gary. >> reporter: if it's friday, it must be governors, cabinet members, and the president itself urging members to pass to push sequestration back a couple months. republicans are keeping a lower protile and not budging, with one notable exception. >> i would describe my presence with one word, republican. they are hoping i can influence some of the people in my own party. >> ray louisiana hood ray lahood said it would mean a reported one day per pay period. >> in some cases, it could be as many as two days. >> with flight delays and cancellations assured. >> it's going to be very painful for the flying public. >> joined the drum beat, blaming the congress. >> the sequestration is a job killer. >> the dark need is going over our head as we speak. >> some of the jobs in the meat and poultry industry, es
CBS
Feb 23, 2013 8:00am EST
jobs and hurt the recover i economy. >> my hope is we can see a different course taken by congress. this should be a no-brainer. >> reporter: the president has spend part of the last nine days appearing with the schoolchildren who could lose their teachers and with the first first responders who say they could lose their jobs if the spending money supporting them is cut across the board. i've been very clear that these kinds of arbitrary automatic cuts would have an adverse impact on family on teachers on parents who are reliant on head start programs on our military readiness, on medical health services medical research. this is not a smart way to reduce the deficit. >> reporter: but they point out the cuts will be gradual and very few policemen are paid with federal money. >> it's untrue unfair dishonest, disingenuous. he puts law enforcement -- he puts firemen and policemen who 98% of them are being paid for with your local taxes and says you're going to lose your local policemen because of this. it's not true. >> and yet furloughs in areas like def
CBS
Feb 23, 2013 6:00pm EST
. >> they will slow our economy. they will eliminate good jobs. they will leave many families that are stretched to the limit scrambling to figure out what to do. >> the pentagon says the massive cuts to the military will affect our country's ability to defend itself. the centers for disease control will lose more than $300 million which it claims could mean less money to solve outbreaks. and air travel will take a hit. transportation officials worry job cuts will lead to flight delays. >> and even our nation's children will be affected. the president says thousands of teachers and educators will be laid off. the president blamed republicans but the gop says it's the president who won't compromise. >> the question is, why won't he work with us? and the answer quite simply is because he wants higher taxes. >> in washington, the nation's governors say they are bracing for what's to come. >> the uncertainty of how much will be cut from where and when can undermine our budget and can also slow the economic growth in our states. >> and governors say the situation is frustrating. >> it is not good to
CBS
Feb 19, 2013 6:00pm EST
take effect. >> these cuts are not smart. they are not fair. they will hurt our economy. they will add hundreds of thousands of americans to the unemployment roles. people will lose their jobs. >> the president called on congress to move fast, to avoid these cuts, asking republicans to support a plan put together by senate democrats that would offset the suquester. but gop lawmakers say raising taxes is a deal breaker. >> the stalemate on capitol hill has a lot of local officials concerned. county leaders in maryland held a news conference to talk about how it will affect the region. prince georges county executive says the sequester fight is uniting democrats and republicans on the local side. >> we'll have to figure out what is happening with contractors, federal contractors, schools decisions. we are reaching out to our colleges saying we need everybody flooding capitol hill, calling there and asking. >> baker went on to say the biggest hurdle facing county leaders and local businesses is this uncertainty created by lawmakers on the hill. and the so quester also spelled trouble
CBS
Feb 20, 2013 6:00am EST
about the possible impact of these cutses on our local and national economies. the. spoke out yesterday and local leaders are figuring out exactly what's at stake. >> montgomery county alone in terms of this tax base, each day based on our estimates is a possibly $500,000. >> ten days of furloughs equal $120 million in lost income in federal employees for the county. >> these cuts are not smart. they are not fair. they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. this is not an abtraction. people will lose their jobs. >> you have told wusa9 you are scared of these cuts. you are angry and here's a way you can be heard even more clearly by the people who need to hear you. you can join our petition. should congress be penalized if federal workers are furloughed due to sequestration? you can weigh in on wusa9.com. so far 660 letters written so far to congress. a letter you just wrote posted at 5:48 this morning, get to work and do the job you were elected to do. that is out of virginia's eighth district. they are coming in fast and furio
CBS
Feb 16, 2013 6:30pm EST
is improving, and confidence is key to a better economy. these investors in these companies feel good about their prospects. of course they have very low interest rates, record low interest rates that they can borrow to help finance those purchases. and the shareholders in these companies feel like they're get a fair deal because stock prices are back close to record levels. activities are back to levels we haven't seen since before the great recession and i think that means the country is getting back to normal. >> axelrod: so confidence is going tow produce deals but i think what a lot of people want to know is what does that mean for job creation? >> good question. in the near term, i think it means job losses because most mergers and acacquisitions are about cost cutting although in the deals being done now i think cost cutting will be more modest than in times past. but in the longer run it will mean more jobs. this is necessary to get these companies in shape, these industries in shape. in the case of american airlines/us airways, the unions are in favor of about of it because they kn
CBS
Feb 17, 2013 1:35am EST
're not worried about the economy, now might be a good time to spring for a new ride. take a look at this luxury vessel. a 200-foot pleasure boat aptly named diamonds are forever now on display in miami beach. if you think the $60 million price tag is too steep, go in with friends. there's six bedrooms. it comes with four wave runners, an elevator and a 14- person crew. not too shabby. >>> they say every dog has his day about this one was determined to have his day in court. it seems his owners left him outside a miami courthouse while they went inside. concerned, he scratched the doors, paced the floors and finally managed to sneak inside. that's when a bailiff spotted the dog and tried to put him outside. but the determined pup made his way up the stairs where he finally was reunited with his owner. that is one loyal dog. check that out. very cute. >> yes, he is cute. what was he doing at court anyway? >> i have no idea. >> my dog's a little bit too big to take with me. i know a lot of people like to bring their dogs to different places. >> but not to court. >> not my 50 pound golden redriver
CBS
Feb 19, 2013 4:30am EST
in the struggling economy. sales in 2012 were the best in five years. home prices have improved and construction of new homes is on the rise. the national association of realtors believes sales will continue to grow in 2013. on friday, stocks finished mixed. the dow stands this morning still below 14,000 after gaining just 8 points on friday. the nasdaq dropped by six and a half and the s&p 500 was off by one and a half. >>> a rear axle problem has prompted chrysler to recall thousands of vehicles again. it affects many ram 1500s and dakota pickup trucks. these are from model years 2009 through 2012. a nut in the rear axle can loosen and that can cause it to lock up which can cause a driver to lose control. the automaker will install a retaintory keep the part in place starting next month. >>> animated movie characters like shrek and kung fu panda could soon play a starring role in russia. dream works says it's licensing seven of its popular characters to a russian amusement park developer. the developer plans to open indoor theme parks in moscow and st. petersburg in 2015. the key word in that
CBS
Feb 19, 2013 6:30pm EST
these cuts are not smart. they are not fair. they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. this is not an and traction. people will lose their jobs. the unemployment rate might tick up again. >> pelley: mr. obama wants more tax revenue. the republicans say no and each side said it's up to the other to give in. major garrett is at the white house for us tonight. major, what next? >> well, the continued effort by the white house, scott, to apply public pressure on republicans to relent. this will be done in public to events like we saw today. it's already been done privately. top government officials are warning businesses they could be harmed by these looming spending cuts. here's one example we've learned. last friday top officials at the agriculture department warned meat and poultry producers that there might not be enough federal inspectors to keep their processing plants open and operating. these are designed to motivate businesses to plead with republicans to find another way. for now republicans appear prepared to take these spe
CBS
Feb 20, 2013 6:30pm EST
economy is headed for trouble in just eight days when massive across-the-board cuts in the federal budget are scheduled to kick in automatically. these cuts were designed to be so deep and harmful that they would force the president and congress to find a better way. but they haven't. just for example, there would be $46 billion cut from the department, and benefit cuts for 4.7 million long-term unemployed. we have two reports tonight. first, those defense cuts with david martin. >> reporter: of the 800,000 civilians who work for the department of defense, an estimated 700,000 would be furloughed for one day a week. according to the pentagon's chief budget officer robert hale, that would save between $4 and $5 billion. but it would all come out of people's paychecks. >> we feel we don't have any choice but to impose furloughs even though we would much prefer not to do it. frankly, this is within of the least -- the most distasteful tasks i have faced in my four years in this job. >> reporter: department of defense civilians run training range where navy pilots practice strafing runs. they
CBS
Feb 22, 2013 4:00am EST
's economy, walmart says it expects business the slow down in the coming months. the world's largest retailer expected higher than expected earnings on thursday but walmart said sales are weakening as customering battle gasoline prices, delayed income tax refunds and higher payroll taxes. the gasoline prices are at the highest level for this time of year. aaa says the average price for a gallon of regular is 3.78 nationwide. that's up 47 cents in the past month. aaa says the higher prices are due to seasonal maintenance at refineries. analysts expect gas prices to rise further in the coming weeks. and the outlook is no better at the supermarket. the u.s. department of agriculture says food prices will rise by as much as 3.5% this year. that's nearly double the rate of inflation. the steep rise is blamed on the severe drought that's gripping farmers and cattle ranchers in the nation's midsection. anne-marie? >> ines for ray in new york. thank you, ines. >>> when we return, driving in the fast lane. danica patrick talks about racing into history this sunday at the daytona 500. >>> here's a look
CBS
Feb 19, 2013 5:00am EST
economy lately. we like that. on friday stocks finished the week mixed. we'll check the numbers for you. the dow stands this morning still below 14,000 after gaining eight points. the nasdaq dropped by six and the s&p 500 was off by about one and a half points. >>> prices at the gas pump are surging. in fact, aaa says that the average price for a gallon of price has risen for 32 straight days. now the national average is 43 cents or 13% more than back on january 17 when it started climbing. it stands at $3.73 a gallon. that's the most expensive ever for this time of year. in our area, we are averaging $3.77 a gallon this morning. >>> get ready to hear a lot about microsoft's latest twist on e-mail starting today. it is so confident it has the internet's best e-mail service. microsoft is about to spend at least $30 million sending its message across the united states. the barrage begins today for outlook.com as it goes head to head with google's g mail to welcome new users, microsoft is financing what it believes to be the biggest marketing blitz in the history of e-mail. we'll see ads o
CBS
Feb 22, 2013 5:00am EST
it creates a lot of uncertainty in our economy. >> reporter: and mike, you mentioned that the president made a few phone calls to republican leaders this week. extenting an olive branch. i'll have more on that conversation and if they bought it coming up at 6:00. >> all right. thank you dolia. she's of course live on capitol hill this morning. >>> in virginia, the general assembly is scheduled to adjourn tomorrow and today floor votes are scheduled on the huge transportation funding that's compromised. that's a crowds. the governor wanted it one way. the people wanted it another way and hopefully get something done. it would lower gas taxes for drivers, but raise the sales tax for everyone by .3 of a percent. budget get fors worked overnight to reach an agreement on the state's two year budget. the main block was the pace of expanding medicare. one bill that did not reach governor mcdonnell's desk would have required youth sports programs to use school property and have concussion policies if they want to use that school property. similar to how public schools have it. that bill however thou
Search Results 0 to 26 of about 27 (some duplicates have been removed)